How long does it take to receive a new account bonus?

While it ultimately depends on the account, bonuses at Valley National Bank usually take two billing cycles to show up after you make the minimum payments within the established timeframe.

Can existing customers qualify for these promotions?

Yes, existing customers qualify for most of these promotions, except for the My Teens account, which is only available to teens from 13 to 17 years.

What happens if I close my account early?

It depends on what kind of account. The terms for closing a savings account early may lead to penalties that differ from that of a credit card, which may affect your credit and a checking account.

Are there any taxes on bank bonuses?

Yes. All bank bonuses above $10 are taxed, and your bank will send you a 1099 form to report your income accurately.

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Valley National Bank Bonus Offers and Promotions for 2025

September 1, 2025

7 min Read

Written by Cynthia Bowman

Edited by Melanie Grafil

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GOBankingRates' editorial team is committed to bringing you unbiased reviews and information. We use data-driven methodologies to evaluate financial products and services - our reviews and ratings are not influenced by advertisers. You can read more about our editorial guidelines and our products and services review methodology.

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Valley National Bank offers accounts that can help you earn interest, save money and gain points on your most frequent purchases.

Whether you are a senior or a teen, there’s something to suit everyone, allowing you to maximize your profit and earn rewards simply for signing up.

Current Valley National Bank Bonuses: September 2025

At this time, Valley National Bank is not offering any bonuses or promotions. Check back frequently on the bank’s website for any updates, though. In the meantime, you can take a look at an overview some of the accounts below:

Account Name	Reward or Bonus	Minimum Deposit
Interest Checking Plus	Earns annual percentage yield (APY)	$100
My Teen Checking	$25	$25
All-Access Savings	Earns APY	$100
Kids First Savings	Earns APY	$1
Money Market Savings	Earns up to APY	$10,000
Premium Money Market	Earns up to APY	$25,000

Valley National Bank Checking Accounts

Interest Checking Plus

Bonus value: APY on your checking account balance, starting from $0.01
Minimum deposit: $100
Expiration date: None
How to claim: Open a new checking account, then deposit $100 after approval
When you’ll get it: Once Valley Bank approves your application — it may take a few minutes
Terms and conditions: Must be 18 or older, APY percentage may change after opening the account.
Fees: No fees or monthly charges if your average daily balance is $1,000 or above; otherwise, you must pay a $15 monthly maintenance charge.

Start earning interest by applying for the Interest Checking Plus Account.

Valley National Bank My Teen Checking

Bonus value: $25 reward for opening the account
Minimum deposit: $25
Expiration date: Converts to My Choice Checking Account when the teen turns 17
How to claim: Open an account in person with your teen at a local Valley Bank branch
When you’ll get it: Once Valley Bank approves your application
Terms and conditions: Your teen must be between 13 to 16 years old to qualify for this account. You must be a joint account holder with your teen. To be eligible for the reward, at least one debit card transaction must be made within 90 days of account opening. No overdraft protection until the teen turns 18. Daily withdrawal limit of $150 for cash and $300 in overall spending daily.
Fees: Once your teen turns 17, the account is subject to the terms and fees of a My Choice Checking Account.

You must visit a local branch to benefit from this offer.

Valley National Bank Savings Accounts

Valley National Bank All Access Savings

Bonus value: Earn APY on your savings, unlimited withdrawals and deposits
Minimum deposit: $100
Expiration date: None
How to claim: You can apply online by entering your information and adding a minimum of $100 to earn APY.
When you’ll get it: Minutes after completing the application and receiving approval
Terms and conditions: You must have a minimum balance of $100 to start earning APY. You must be 18 or older to open an account. APY rate may change after opening the account.
Fees: Monthly maintenance fee of $5 unless you have a minimum balance of $300

Apply for the All Access Savings account through this link.

Valley National Bank Kids First Savings

Bonus value: Earn APY on savings just for kids
Minimum deposit: $0
Expiration date: None
How to claim: You can open an account at a Valley National Bank branch location.
When you’ll get it: Start earning the APY on your daily balance after the account has been opened.
Terms and conditions: This account is only available to those under the age of 18.
Fees: No monthly maintenance fees or minimum balance is required.

Learn more about Kids First Savings here.

Valley National Bank Money Market Savings

Bonus value: Earn up to
Minimum deposit: $10,000
Expiration date: None
How to claim: Apply online or in-branch and have a minimum of $10,000 to start.
When you’ll get it: After applying and completing the account opening process
Terms and conditions: This account may be best for those with larger balances to earn the APY.
Fees: No monthly maintenance fees if you can maintain a minimum $10,000 balance.

Check out the Money Market Savings account.

Valley National Bank Premium Money Market Account

Bonus value: Earn up to
Minimum deposit: $25,000
Expiration date: None
How to claim: Apply online or in-branch and have at least $25,000 minimum to start.
When you’ll get it: Once you’ve applied and completed the account opening process, you can start earning the stated APY on your balance.
Terms and conditions: You will need at least $25,000 when you open the account. You can receive a boosted rate if you also have a Valley checking account.
Fees: No monthly maintenance fee if you have at least a $10,000 balance.

Get more details on the Premium Money Market Account here.

Comparing Valley National Bank Offers to Competitors

Although most banking institutions offer similar rewards programs, Valley National Bank differs in the number of accounts you can open. You can open accounts for minors under 18, teens between 13 and 16, and hassle-free accounts for seniors.

Here’s a look at a savings account comparison between Valley National Bank and some of its competitors.

Savings Account Comparison

Fees

$4, waivable

$0 to $8 monthly

$0-$4.99

APY

–

Min Opening

$100

$10

Tips for Maximizing Your Valley Bank Offer

The best ways to maximize your Valley Bank offers, regardless of your account type, is to keep track of any balance minimums, wait until your creditworthiness improves to get a lower APR rate, and spend the required amounts for one-time point deposits to get your bonus.

Banks compete for your business, with the difference being how much value they can provide you based on your spending habits and lifestyle.

Remember that some banks offer more due to lower overhead costs, which can significantly affect your expenses and interest earnings.

The Bottom Line

Valley National Bank is amping up its offerings by allowing existing and prospective customers to choose an account that best suits their spending habits, lifestyle and financial goals.

By giving clients a better incentive through bonuses, reward points and a slightly lower APR rate, opening an account at Valley Bank can be a positive step for adults and seniors with solid financial goals and consistent spending habits.

Valley National Bank Bonus FAQs

Here are the answers to some of the most frequently asked questions about Valley National Bank's bonuses, promotions and offers.

How long does it take to receive a new account bonus?
- While it ultimately depends on the account, bonuses at Valley National Bank usually take two billing cycles to show up after you make the minimum payments within the established timeframe.
Can existing customers qualify for these promotions?
- Yes, existing customers qualify for most of these promotions, except for the My Teens account, which is only available to teens from 13 to 17 years.
What happens if I close my account early?
- It depends on what kind of account. The terms for closing a savings account early may lead to penalties that differ from that of a credit card, which may affect your credit and a checking account.
Are there any taxes on bank bonuses?
- Yes. All bank bonuses above $10 are taxed, and your bank will send you a 1099 form to report your income accurately.

More About Valley National Bank

Cynthia Bowman contributed to the reporting for this article.

Rates are subject to change; unless otherwise noted, rates are updated periodically. All other information on accounts is accurate as of Aug. 26, 2025.

Editorial Note: This content is not provided by any entity covered in this article. Any opinions, analyses, reviews, ratings or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by any entity named in this article.